Vice President of Ghana, Mahamudu Bawumia has announced that government will in March 2020 launch a universal QR code to help retailers receive cashless payments without a point of sale devices.
He explained that a universal QR code will be launched by the Bank of Ghana to facilitate the new process. According to him, this would enable all retailers, regardless of what they sell, to receive money via their mobile, not necessarily cash payment.
Speaking at the town hall meeting and results fair in Kumasi on Tuesday, the Vice President, Dr. Mahamudu Bawumia stated that, “Thanks to the Bank of Ghana, next month, in March, Ghana will launch the universal QR code payment system, which will make it possible for all retailers, including those who sell Kofi Brokeman and waakye on the streets, to have the capacity to receive payments directly on their mobile phones without a point of sale device. Even trotro, if you want to pay by mobile wallet, they will have their own QR code. Everybody will be able to receive [money]. You don’t have to keep a lot of cash if you are selling things.”